2024-04-23T12:32:03-07:00 2023-12-31 474247422 MERRITT MCLANE & HAMBY PC 401 Cypress Street suite 303 Abilene TX 79601 990 2023-01-01 756021650 Potosi Water Supply Corporation POTO 3255293269 734 FM 1750 Abilene TX 79602 Terry Monroe President 2024-04-23 true Terry Monroe 999009999 true Michael Hamby CPA 3256729323 2 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z 734 FM 1750 Abilene TX 79602 6965719 false X www.potosiwater.com X 1964 TX Provide treated water to about 2,350 rural members. 9 9 8 0 0 0 11770 51146 1773838 2045939 1785608 2097085 0 0 266868 262372 0 0 793515 751394 1060383 1013766 725225 1083319 10018307 11171244 1142626 1207294 8875681 9963950 Provide treated water to about 2,350 rural members. false false 1013766 Provide potable water to about 2,350 members in the unincorporated community of Potosi, Texas. 1013766 false false false false false false false false false true false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 10 0 true 8 true false false false false false 3676376 51146 false false false X 9 9 false false false false true true true true true false false true true false false false false false false false X X Holly Casey 3255293269 734 FM 1750 Abilene TX 79602 X Ken Hogan Secretary 1.00 0.00 X X 0 0 0 Rebecca Allison Director 1.00 0.00 X 0 0 0 James Asbill Director 1.00 0.00 X 0 0 0 Chris Jennings Director 1.00 0.00 X 0 0 0 Mike Collier Director 1.00 0.00 X 0 0 0 LaRhea West Director 1.00 0.00 X 0 0 0 Terry Monroe President 1.00 0.00 X X 0 0 0 Rick Young Vice President 1.00 0.00 X X 0 0 0 Cody Dikes Director 1.00 0.00 X 0 0 0 0 false false false Landeros Backhoe PO Box 415 Buffalo Gap TX 79508 Maintenance/Construction 0 0 0 51146 51146 0 0 0 3238197 3238197 0 0 0 3570012 1630437 1939575 1939575 Other Fees 4320 4320 Penalty & Late Fees 23994 23994 Tap, Equity, & Installation Fe 77850 77850 200 200 106364 2097085 2045939 51146 0 0 0 0 0 0 211208 211208 4822 4822 30659 30659 15683 15683 0 0 6869 6869 0 0 0 13104 13104 0 6741 6741 1650 1650 0 0 0 0 0 0 0 328135 328135 25150 25150 System Maint & Repairs 243260 243260 Other Operating Expenses 43838 43838 Power Purchased for Pumping 40417 40417 Dues, Fees, & Subscriptions 17181 17181 25049 25049 1013766 1013766 0 0 3052557 2764468 200000 0 271918 261460 0 0 0 0 8861 8861 12196714 4510259 6234971 7686455 0 0 0 0 450000 250000 10018307 11171244 1142626 380847 826447 1142626 1207294 X 8875681 9963950 8875681 9963950 10018307 11171244 X 1083319 4950 X X true X false true false 81389 81389 307366 103489 203877 -13 11680316 4313897 7366406 91729 58993 32736 35927 33880 2047 7686455 3727522 1630437 1630437 2097085 2097085 2644203 1630437 1630437 1013766 1013766 Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Cost of Water $1630437 Part XII, Line 2d: Other expenses and losses per audited F/S Cost of Water $1630437 Form 990, Part VI, Section A, Line 6 Members govern the WSC; 1 vote per member, not for each water tap. Form 990, Part VI, Section A, Line 7a Members elect the directors; 1-3 directors are elected each year for 3 year terms. Form 990, Part VI, Section A, Line 7b Members ratify changes (amendments) to By-Laws; Usually from USDA-RDS requirements. Form 990, Part VI, Section B, Line 11b Outside accounting firm provides copy of From 990 to the Board for review and questions. Form 990, Part VI, Section C, Line 18 All documents are available at the office, during business hours. Form 990, Part VI, Section C, Line 19 No documents available to the public. Form 990, Part XI, Line 9 Additional Donations = $0 Form 990, Part XI, Line 9 New Memberships = $4950 Form 990, Part XII, Line 2c Board of Directors selects and approves accounting firm annually, and the audit, when presented.